United Microelectronics Co. (NYSE:UMC)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $8.96, but opened at $9.36. United Microelectronics shares last traded at $9.51, with a volume of 25,040 shares changing hands.

The company has a market cap of $22.25 billion, a PE ratio of 31.70 and a beta of 0.99. The stock’s 50 day moving average price is $9.10 and its 200-day moving average price is $7.73. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.38 and a current ratio of 2.76.

United Microelectronics (NYSE:UMC) last announced its quarterly earnings data on Wednesday, January 27th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. United Microelectronics had a net margin of 12.68% and a return on equity of 10.44%. The company had revenue of $45.30 billion during the quarter, compared to analysts’ expectations of $45.24 billion. During the same quarter in the prior year, the company earned $0.33 EPS. The firm’s revenue was up 8.2% on a year-over-year basis.

Institutional investors have recently made changes to their positions in the company. OneAscent Wealth Management LLC purchased a new stake in shares of United Microelectronics in the 4th quarter valued at $291,000. Morgan Stanley boosted its position in United Microelectronics by 33.1% during the 3rd quarter. Morgan Stanley now owns 1,757,854 shares of the semiconductor company’s stock valued at $8,420,000 after buying an additional 437,021 shares during the period. Comerica Bank boosted its position in United Microelectronics by 6.8% during the 4th quarter. Comerica Bank now owns 134,006 shares of the semiconductor company’s stock valued at $1,376,000 after buying an additional 8,477 shares during the period. Claraphi Advisory Network LLC purchased a new stake in United Microelectronics during the 4th quarter valued at $122,000. Finally, Guggenheim Capital LLC boosted its position in United Microelectronics by 14.6% during the 3rd quarter. Guggenheim Capital LLC now owns 588,991 shares of the semiconductor company’s stock valued at $2,822,000 after buying an additional 75,050 shares during the period. 4.04% of the stock is owned by institutional investors.

United Microelectronics Company Profile (NYSE:UMC)

United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. The company operates through Wafer Fabrication and New Business segments. It provides circuit design, mask tooling, wafer fabrication, and assembly and testing services.

Recommended Story: Management Fee

Receive News & Ratings for United Microelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Microelectronics and related companies with MarketBeat.com's FREE daily email newsletter.